Number borrowers | 100 |
Loan Amount (range) | PHP 10,000 - 10,000 |
Loan Term (range) | 3 - 5 |
Other Services (text summary) | Credit Educ, Group Mtgs |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 4.00% upfront |
Insurance | 340.00 upfront |
Tax | None |
Comp Dep | 20.0% upfront 200.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 44.7% (Int+Fee) |
Insurance Component | 0.9% - 44.8% |
Tax Component Range | 0.0% - 0 |
Full APR (int fee ins tax dep) | 71.1% |
Transparency Index (min/max) | 15 - 49 |
Transparency Index (average) | 42 |
Outstanding portfolio (PHP) | PHP 640,000 |
Portfolio (USD) | USD 15,311 |
Active Clients with Loans | 100 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Hog-raising |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 10,000 |
Shortest loan term | 3.0 months |
Longest loan term | 5.0 months |
Approx average | 4.0 months |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | TASAKA |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 340 |
Fixed amount - max | 340 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 200 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 10,740 | PHP 10,740 | PHP 10,740 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-06-06 | 2011-06-06 | 2011-06-06 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 44.7% | 44.7% | 44.7% | ||
Insurance Component | 12.2% | 12.2% | 12.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 14.1% | 14.1% | 14.1% | ||
Full APR (int fee ins tax dep) | 71.1% | 71.1% | 71.1% | ||
Transparency Index | 42 | 42 | 42 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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